Proactive compliance monitoring programs are becoming increasing important to mitigate the risks and fallout associated with rising regulatory enforcement. It’s important to note that these programs can be implemented without significant resources or investment in new tools. With the right planning and expertise, a company’s existing data and systems can be used to incorporate data analytics and communications monitoring into any compliance program.
Until recently, the term “smart contracts” was little more than a buzzword. As part of the rising hype within the blockchain and digital assets arena, smart contracts have been of interest to many but understood by few. That’s beginning to change as a wide range of real-world, practical smart contracts use cases are gaining momentum and proving results for business operations within a growing number of enterprises. Many organizations have started to digitally map workflows, improve processes and achieve faster, more transparent and reliable transactions with the help of smart contracts. This article discusses the key features of smart contracts, leading use cases, functionality and benefits.
Microsoft accounts for 92% of the content services market, with most organisations utilising services within Microsoft 365 and/or Microsoft Teams to enable productivity and efficient remote working. In 2020, Microsoft 365 users generated more than 30 billion collaboration minutes in a single day as people communicated, collaborated and created documents at accelerating speed. This pace of adoption and scale of use has made it difficult for many organisations to maintain consistent information governance (IG).
Compliance, legal and IT teams face a dynamic data universe that is generating an unprecedented and varied influx of risk. The increased use of cloud-based and collaboration tools is creating challenges across investigations, legal matters, governance and data protection. Adapting to this new landscape of emerging data sources will be paramount to mitigating risks and establishing new best practices.
Blockchain technology and the digital asset class, including cryptocurrencies, have experienced a rapid and accelerating evolution. Overall, the number of companies bringing services to market to support real-world blockchain and cryptocurrency applications through payments, loans, custody, investment and clearance and settlement is on a steady uptick, illustrating the technology’s momentum among financial institutions looking to establish an early position in the industry while awaiting regulatory clarity.
Previous General Counsel studies revealed that the trials from the past two years were critical in preparing legal teams with the endurance needed to face a myriad of emerging expectations and challenges. In this year’s GC Report, we explore three critical areas that will soon dominate time and resources: risk, culture and technology.
The pandemic has impacted us all in many ways. For some, it has meant pausing, reassessing priorities and charting a course for the future. The same can be said of businesses, and the legal departments within. To better understand the changes sought by law departments to increase efficiency through technology, FTI Consulting partnered with the Blickstein Group to conduct a study analyzing the road to technology modernization.
In a world where technology, AI and automation have penetrated nearly every facet of day-today life, it’s easy to take technological advancement for granted. Easy to assume that it has been embraced as intuitive, across all industries and business processes, to optimize efficiency and replace cumbersome manual work. In the legal field though, reality has not quite caught up to expectation. Despite significant advancements in legal technology, widespread judicial approval of machine-powered processes and a mass of proven benefits, advanced analytics and technology-assisted review (TAR) are still regarded by many lawyers as complex.
Hitting the bullseye in modern data governance starts with a clear view of an organization’s challenges, roles and data objectives in the context of the ever-evolving data landscape. This e-book provides a framework for defining modern data governance, understanding key players and achieving (or refreshing) programs that meets the needs of every stakeholder. It will include FTI Technology’s unique perspective of how combining data governance with broader information governance (IG) and strategic analytics can support robust compliance, data protection, business insights and more.
The pandemic and its ripple effects have impacted us all in many ways, including how we work. Suddenly, millions of workers worldwide made the shift to remote work - adopting new schedules, communication systems, and business practices. Antitrust practitioners were no different.